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21-02-2019 09:58 AM

CBD – Resolutions of General Assembly

Meeting Date/Time
Meeting Date/Time Wednesday, February 20, 2019 - 04:00 PM Type of Meeting General Assembly
Net Profit/Loss 1162111000 AED Cash Dividend 20.7
Bonus Share New Issuance
Shares Split Capital Deduction
Announcements/Resolutions

We confirm to you, that the Shareholders’ Annual General Assembly meeting have been held on Wednesday, 20th  of February 2019 at 4 p.m at the Bank’s Headquarters, Dubai, and following are the decisions taken in the meeting: -

 

a)    Ordinary resolutions:

 

1.    Approved thereport of the Board of Directors on the Bank’s activities and financialposition for the year ended 31/12/2018.

 

2.    Approved theExternal Auditor’s report for the year ended 31/12/2018.

 

3.    Approved theBank’s Balance Sheet and Income Statement for the year ended 31/12/2018.

 

4.    The Annual General Assembly approved the distribution of as cash dividend representing 20.7% of the Bank’s Capital as on 31st December 2018 amounting to AED580,165,931.38.

 

5.    Approved theproposed Board of Directors’ remuneration.

 

6.    Absolved themembers of the Board of Directors from responsibilities for the year ended31/12/2018.

 

7.    Absolved the External Auditors from responsibilities for the year ended 31/12/2018.

 

8.     Appointment of KPMG as Auditors for the Financial Year 2019 and approved their fees.

 

b)    Specialresolution:

 

1.       Approved theupdate of the Bank’s USD 3 Billion Euro Medium Term Note Programme.

 

 

Last Entitlement Date Wednesday, February 27, 2019 Ex-Dividend Date Thursday, February 28, 2019
Registry Closing (Settlement) Date Sunday, March 03, 2019 Meeting Venue CBD Head Office

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